Banswara Syntex MD, chairman, board of directors and AGM
NSE: BANSWRASBSE: 503722Textiles & ApparelsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹98.28.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹324 Cr1,984th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 31 Jul 2026
- 8.7
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹8.91 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 7.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 0.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.06%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 31 Jul 2026
- 6.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹8.91 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 8.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 31 Jul 2026
- 7.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.81
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 25,15641.3% delivered
Banswara Syntex board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRAKESH MEHRARelated to the promoter
- Managing directorSHALEEN TOSHNIWAL
8 directors4 independent4 executive
- RAKESH MEHRA · ChairpersonExecutive · joined Apr 1986 · 33 months as independent · 1 listed board · 1 committee seat
- RAVINDRAKUMAR TOSHNIWALExecutive · joined Aug 1992 · 33 months as independent · 1 listed board · 1 committee seat
- SHALEEN TOSHNIWAL · Managing directorExecutive · joined Oct 2003 · 33 months as independent · 1 listed board
- JAGDEESHMAL MEHTAIndependent · joined Oct 2016 · reappointed Oct 2021 · 59 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- KAVITA SONIExecutive · joined Nov 2024 · 22 months as independent · 1 listed board
- AJAY SHARMAIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 2 listed boards · 2 as independent · 3 committee seats
- RAHUL NARENDRA MEHTAIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 3 listed boards · 3 as independent · 2 committee seats
- UDEYPAUL SINGH GILLIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
3 directors who left
- NARENDRA KUMAR ANAND AMBWANI, left 8 Sep 2026: Others
- DAVID VLERICK, left 13 Feb 2025: Tenure Completion
- VAIJAYANTI AJIT PANDIT, left 11 Nov 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 31 Jul 20268 of 9 present4 independent · 72 days in between
- 19 May 20267 of 8 present3 independent
Audit Committee
RAKESH MEHRA, JAGDEESHMAL MEHTA, AJAY SHARMA, RAHUL NARENDRA MEHTA, UDEYPAUL SINGH GILL
- 31 Jul 20263 of 4 present3 independent · 72 days in between
- 19 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair JAGDEESHMAL MEHTA
AJAY SHARMA, RAHUL NARENDRA MEHTA, UDEYPAUL SINGH GILL
- 31 Jul 20263 of 4 present3 independent · 72 days in between
- 19 May 20263 of 4 present3 independent
Stakeholders Relationship Committee
Chair JAGDEESHMAL MEHTA
RAVINDRAKUMAR TOSHNIWAL, AJAY SHARMA, RAHUL NARENDRA MEHTA
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair KAVITA SONI
SHALEEN TOSHNIWAL, JAGDEESHMAL MEHTA, RAHUL NARENDRA MEHTA, AJAY SHARMA
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- K G Somani & Co LLPPeer-review certificate valid to Jun 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Banswara Syntex AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Banswara Syntex dividend history
Annual general meeting, 30 Jul 2026
11,264 shareholders on the register on 23 Jul 2026; present: 7 promoters and 63 others; votes counted by Mihen Halani / Mihen Halani & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Auditor’s Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
- To declare final dividend on Equity Shares for the financial year ended 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
- To appoint a director in place of Mr. Ravindrakumar Toshniwal, Vice Chairman (DIN: 00106789), who retires by rotation and, being eligible offers himself for re-appointmentOrdinary99.32% for0.68% against
Against: promoters 0.00% · institutions 98.97% · other public 0.51%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
- To ratify the Remuneration to the Cost Auditors for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.51%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
- To consider and approve re-appointment of Mr. Rakesh Mehra, (DIN: 00467321) as a Chairman and Whole-time Director of the Company.Special99.32% for0.68% against
Against: promoters 0.00% · institutions 98.97% · other public 0.78%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
- To consider and approve re-appointment of Mr. Ravindrakumar Toshniwal, (DIN: 00106789) as a Vice Chairman and Whole-time Director of the Company.Special99.32% for0.68% against
Against: promoters 0.00% · institutions 98.97% · other public 0.78%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
- To consider and approve re-appointment of Mr. Shaleen Toshniwal (DIN: 00246432) as a Managing Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.51%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
- To consider and approve appointment of Mr. Udeypaul Singh Gill (DIN: 00004340) as Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.11%
Turnout: all 54.68% · promoters 100.00% · institutions 4.68% · other public 0.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 29 Oct 2025, 2 resolutions
12,584 shareholders on the register on 26 Sep 2025; votes counted by MIHEN HALANI / Mihen Halani & Associates.The company's voting result (opens in a new tab)
- Change in designation of Mr. Ravindrakumar Toshniwal (DIN: 00106789) from Managing Director to Vice – Chairman w.e.f. 7th August, 2025, and he shall be liable to retire by rotation.Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 4.60%
Turnout: all 56.03% · promoters 100.00% · institutions 4.39% · other public 3.93%
- Change in designation of Mr. Shaleen Toshniwal (DIN: 00246432) from Joint Managing Director to Managing Director w.e.f. 7th August, 2025 and he shall not be liable to retire by rotation.Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 4.60%
Turnout: all 56.03% · promoters 100.00% · institutions 4.39% · other public 3.93%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Jul 2025, 5 resolutions
12,745 shareholders on the register on 23 Jul 2025; present: 7 promoters and 70 others; votes counted by Arti D Shinde / Arti Dattaram & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt a) the Audited Standalone Financial Statements of the Company for the fi nancial year ended 31st March, 2025 together with the reports of the Board of Directors and Auditor’s thereon and b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 and Auditor’s report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 5.50% · other public 11.45%
- To declare final dividend on Equity Shares for the financial year ended 31st March, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 5.50% · other public 11.45%
- To appoint a Director in place of Mr. Shaleen Toshniwal, Joint Managing Director (DIN: 00246432), who retires by rotation and, being eligible offers himself for reappointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.41% · promoters 76.92% · institutions 5.50% · other public 11.45%
- To ratify the Remuneration to the Cost Auditors for the Financial Year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 5.50% · other public 11.45%
- To appoint Secretarial Auditors of the Company for a term of five (5) consecutive yearsOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 5.50% · other public 11.45%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 22 Mar 2025, 1 resolution
13,520 shareholders on the register on 14 Feb 2025; votes counted by MIHEN HALANI / MIHEN HALANI & ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment of Mr. Rahul Narendra Mehta (DIN: 00165521) as Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 55.72% · promoters 100.00% · institutions 4.44% · other public 3.10%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 12 Dec 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Ajay Sharma (DIN: 06417150) as Non-Executive Independent Director of the CompanySpecial99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 4.20%
Turnout: all 55.85% · promoters 100.00% · institutions 4.15% · other public 3.43%
- Appointment of Mrs. Kavita Soni (DIN: 03063791) as Whole-time Director of the CompanySpecialPromoters have an interest in it96.75% for3.25% against
Against: promoters 0.00% · institutions 0.00% · other public 4.20%
Turnout: all 1.63% · promoters 0.00% · institutions 4.15% · other public 3.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 6 Aug 2024, 10 resolutions
Present: 7 promoters and 54 others.The company's voting result (opens in a new tab)
To receive, consider and adopt:na. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 together with the Auditor’s Report thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- To declare final dividend on Equity Shares for the financial year ended 31st March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- To appoint a Director in place of Shri Rakesh Mehra, Whole Time Director (DIN: 00467321), who retires by rotation and, being eligible offers himself for re-appointmentOrdinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 4.06%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- To ratify the Remuneration to the Cost Auditors for the Financial Year 2024-25Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 4.06%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- To ratify the payment of excess managerial remuneration paid to Shri Rakesh Mehra (DIN – 00467321), Chairman and Whole-Time Director of the Company and to waive recovery thereofSpecialPromoters have an interest in it97.19% for2.81% against
Against: promoters 0.00% · institutions 0.00% · other public 4.06%
Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%
- To ratify the payment of excess managerial remuneration paid to Shri Ravindra Kumar Toshniwal (DIN: 00106789), Managing Director of the Company and to waive recovery thereofSpecialPromoters have an interest in it97.09% for2.91% against
Against: promoters 0.00% · institutions 0.00% · other public 4.20%
Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%
- To ratify the payment of excess managerial remuneration paid to Shri Shaleen Toshniwal (DIN: 00246432), Jt. Managing Director of the Company and to waive recovery thereofSpecialPromoters have an interest in it97.09% for2.91% against
Against: promoters 0.00% · institutions 0.00% · other public 4.20%
Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%
- Revision in Remuneration of Shri Rakesh Mehra (DIN:00467321), Chairman and Whole-Time Director of the CompanySpecialPromoters have an interest in it97.19% for2.81% against
Against: promoters 0.00% · institutions 0.00% · other public 4.06%
Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%
- Revision in Remuneration of Shri Ravindra Kumar Toshniwal (DIN:00106789), Managing Director of the CompanySpecialPromoters have an interest in it97.09% for2.91% against
Against: promoters 0.00% · institutions 0.00% · other public 4.20%
Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%
- Revision in Remuneration of Shri Shaleen Toshniwal (DIN: 00246432), Jt. Managing Director of the Company.SpecialPromoters have an interest in it97.09% for2.91% against
Against: promoters 0.00% · institutions 0.00% · other public 4.20%
Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 11 Mar 2024, 1 resolution
The company's voting result (opens in a new tab)
- Approval for the appointment of Shri Narendra Ambwani (DIN: 00236658) as an Independent Director, of the CompanySpecial99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 3.16%
Turnout: all 50.24% · promoters 89.62% · institutions 4.15% · other public 3.11%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 5 Aug 2023, 7 resolutions
Present: 11 promoters and 32 others.The company's voting result (opens in a new tab)
To receive, consider and adopt na)the Audited Standalone Financial Statements of the Company for the Financial year ended 31 March, 2023 together with the reports of the Board of Directors and Auditors thereon and nb)the Audited Consolidated Financial Statements of the Company for the Financial year ended 31 March, 2023 and Auditor's report thereon.MoreLess
Ordinary99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 62.67% · promoters 100.00% · institutions 8.87% · other public 16.31%
- To declare Final dividend on Equity Shares for the Financial year ended 31 March, 2023.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 62.67% · promoters 100.00% · institutions 8.87% · other public 16.31%
- To appoint a Director in place of Shri Shaleen Toshniwal, Whole Time Director (DIN: 00246432), who retires by rotation and, being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.30% for0.70% against
Against: promoters 0.00% · institutions 47.66% · other public 0.53%
Turnout: all 62.67% · promoters 100.00% · institutions 8.87% · other public 16.31%
- To ratify the Remuneration to the Cost Auditors for the Financial Year 2023-24.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 62.67% · promoters 100.00% · institutions 8.87% · other public 16.31%
- To re-appoint Shri Rakesh Mehra (DIN: 00467321) as Chairman and Whole-Time Director of the Company.SpecialPromoters have an interest in it99.30% for0.70% against
Against: promoters 0.00% · institutions 47.66% · other public 0.53%
Turnout: all 62.67% · promoters 100.00% · institutions 8.87% · other public 16.31%
- To re-appoint Shri Ravindra Kumar Toshniwal(DIN: 00106789) as Managing Director of the Company.SpecialPromoters have an interest in it99.30% for0.70% against
Against: promoters 0.00% · institutions 47.66% · other public 0.53%
Turnout: all 62.67% · promoters 100.00% · institutions 8.87% · other public 16.31%
- To re-appoint Shri Shaleen Toshniwal (DIN: 00246432) as Joint Managing Director of the Company.SpecialPromoters have an interest in it99.30% for0.70% against
Against: promoters 0.00% · institutions 47.66% · other public 0.53%
Turnout: all 62.67% · promoters 100.00% · institutions 8.87% · other public 16.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake heldBanswara Brands Private LimitedSince 5 Aug 2026
0.00% bought in the quarter; holding 100.00%, from 100.00%
- Unlisted stake heldBanswara Brands Private LimitedSince 25 Sep 2026
0.00% bought in the quarter; holding 100.00%, from 100.00%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.